Ah yes.The last year the Federal Govt.spent less than the year before was 1953 ! So they cut trillions but will still spend trillions more than we have...swell we are falling at a decreasing rate. I decided NOT to buy a BMW yesterday so I save $50k...I may not buy one today either..I have saved $100k in TWO days ! Welcome to DC book keeping.

Bond funds go down in value when interest rates goes up. PIMCO deals in bond funds with $1.7 trillion in assets under management. In the last year or two, all the top executives at PIMCO have resigned. This tells me big trouble in bonds is coming, because the rat’s are jumping ship.

After we were taken off the gold standard in 1971, the United States had double digit inflation because dollars were coming back to the US. In 1974 the US made a deal with Saudi Arabia to create the petrodollar, this was done to make an artificial demand for US dollars. After 1974, OPEC oil must be paid for with US/petrodollars, any country buying OPEC oil had to purchase US/petrodollars, this created the artificial demand for the US dollar we have today. When this artificial demand for the US dollar goes away, our dollar will collapse. The future of our dollar depends on Saudi Arabia, a country who’s citizens flew plans into the World Trade Center on 9/11.

Outlaw, I think we became the "world's currency" decades before 1974 (oil) we were the largest producer before 1974 and were energy independent, which made America great. It was related to our steady value of currency and backed (at that time decades ago) by gold. We left the gold standard under President Nixon (1971 I think), but the world felt our value was strong due to gold. Now folks do not think we have gold in the Fed any more. Maybe that is why the Fed can not be inspected or have an inventory done as we have long since sold of everybody's gold that they thought we held in our banks for them.
I believe this is at the bottom of our world currency status being weakened. IMHO, as I am no finance expert. Just check my IRA to validate that position!!!

March 8, 2015 at 8:58am

MindTheGOP responded:

For anyone who isnt sure about the dollar/world reserve currency (known as the 'petrodollar'), please see video below
http://stormcloudsgathering.com/the-road-to-world-war-3

[6] March 8, 2015 at 9:43am

Outlaw_Josey_Wales responded:

After we were taken off the gold standard in 1971, the United States had double digit inflation because dollars were coming back to the US. In 1974 the US made a deal with Saudi Arabia to create the petrodollar, this was done to make an artificial demand for US dollars. After 1974, OPEC oil must be paid for with US/petrodollars, any country buying OPEC oil had to purchase US/petrodollars, this created the artificial demand for the US dollar we have today. When this artificial demand for the US dollar goes away, our dollar will collapse. The future of our dollar depends on Saudi Arabia, a country who’s citizens flew plans into the World Trade Center on 9/11.

[1] March 8, 2015 at 9:55am

Outlaw_Josey_Wales responded:

Plans = planes

[60] March 6, 2015 at 9:20am

It’s a violation of the 2nd Amendment to prohibit a convicted felon from owning a gun. There is a law in the state of Wyoming, when a person gets out of the Wyoming State Penitentiary, he must be given a horse, five dollar gold piece and a gun.

Today a felon can’t own a gun in Wyoming, 90 years ago a person was given a gun just before being released from prison.

I have always thought that strange. After you have served your time you should be able to rejoin society. If you feel like someone isn't able to do that, they should be serving more time, even if it is on house arrest with an ankle monitor.
Otherwise, after someone is released, they should be able to vote, own a gun, and otherwise participate as a full citizen. I believe that one of the reasons we have so many repeat offenders is that we have suddenly made legal activities into illegal ones for felons. Also, it is much more difficult to find a job and earn an honest wage.

[12] March 6, 2015 at 2:27pm

disabledcovetern responded:

I will give you one better but just as sad. The husband of my neice was convicted of manslaughter for running down a cop on the road. The circumstances did dictate that he be convicted because he was driving under the influence and it was his fault... he spent 7 years in jail... he is out now, got a college degree, is a computer programer, of course is married, has a daughter and is a valued member of society.... but,,,, he can never own a gun nor can my niece and he hits a glass ceiling in his job becuase he can't get a top secret clearance. He made a horrible mistake, served his time, reformed completely but still he is denied his second amendment for a crime that had absolutely nothing to do with a gun. We are a family of hunters, cops, fireman, and medical professionals and his status leaves him out of many activites due to this... There should be a proper way to move forward from such a conviction.....

[2] March 6, 2015 at 3:52pm

argyle58 responded:

@disabledcovetern
Depending on the state where your niece lives, her husband can apply for a pardon, or an expungement, and get his rights restored. This generally can happen after 10 years of release from custody as long as he has stayed out of trouble, paid his taxes and kept his finances in a way that shows that he is responsible.
Oklahoma is the only state that I know of that does not allow former felons to have their gun ownership rights restored after a pardon.

[1] March 6, 2015 at 6:17pm

jr23 responded:

the felon law is federal, and i would not want a violent felon to have a weapon right out of prison nonviolence is somewhat different but most after 10 years it seems rights should be restored possibly not ccw but hunting could and voting

[15] March 4, 2015 at 7:29am

She should of pulled out a weapon, time to meet your 72 virgins, have fun.

But, but, but the state dept says Zionism causes global warming. And it isn't political at all. Nope.
http://freebeacon.com/national-security/state-department-tweets-speech-by-cleric-who-blames-unrest-on-global-zionist-conspiracy/